Hantec Markets Limited, the FCA-authorised CFD and forex broker, swung to an operating profit of £82,362 in the year ended 31 December 2024, compared with an operating loss of £47,437 in the prior year—a significant turnaround driven by aggressive cost rationalization even as top-line revenue contracted.
- Revenue: £6.21 million (down 9% year-over-year from £6.81 million)
- Operating Profit: £82,362 (vs. loss of £47,437 prior year)
- Profit Before Tax: Not separately disclosed
- Net Assets: £5.46 million (up from £5.39 million)
- Cash Balances: £3.6 million
The London-based firm, which operates as a principal in foreign exchange and index contracts for difference, attributed the profit reversal to a material reduction in office expenditure despite headwinds from increased sector competition and regulation. Net assets grew to £5.5 million from £5.4 million, underpinned by the year’s profitability.
The company maintains a robust balance sheet with £3.6 million in liquid cash reserves, positioning it well for medium-term strategy execution. Directors expect 2025 to present challenging market conditions but expressed confidence in further profitability improvements. The firm, ultimately owned by Hong Kong-incorporated parent Hantec Markets Holdings Limited, continues to operate under FCA authorization and manages market, foreign currency, credit, and liquidity risks through established frameworks detailed in its Internal Capital Adequacy and Risk Assessment (ICARA).
No dividends were paid or recommended for the period. The company holds accounts with multiple financial institutions subject to ongoing credit soundness assessments and operates a margin system requiring clients to deposit collateral prior to trading.
